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Originally Posted by roachboy
ace--i really don't know what version of the world you live in, but the tarp business was entirely a bush-period undertaking.
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This is true, but Obama supported it. Obama made political points by saying he reviewed the plan enhanced by Congress and said it met the criteria he wanted.
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one of the many things i did not like about obama's opening moves as president was that he kept on the same bush-period people who crafted that fine bit of legislation, you know the one that in the name of bailing out the american financial system encouraged unprecedented concentration within the financial sector.
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Why did he do that? To me it was an endorsement of Bush's policy. To be clear, Congress complained about the 7 page plan submitted by the administration and crafted their own version.
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and it's baffling to me that you persist in this pattern of displacing reality by attributing the claims that the financial system was on the brink of a catastrophic melt-down---which it was---to the obama administration---which was not fucking elected in august-september 08 which is the point at which the shit *really* started to hit the fan.
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Your point is mis-directed. Obama said he saved us from the "brink", not me. I just ask what "brink", and what saved us? I think it is b.s., and I look for a detailed explanation. An explanation you can not give nor can the Obama administration.
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and i **really** dont know what planet george w bush could have been understood as a champion of free markets on, ace.
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Playing games with false arguments again. Bush was not a champion of free markets. Who said he was? the Republican party has often been overly supportive of big business. That support has often restricted competition and discouraged free market activity. Like I wrote above some are complicit, and some are gullible.
It appears your pattern of responses is based on assumed ideology rather than what is actually written.